Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
MID PENN BANCORP INC (MPB)
Sector: Financial Services; Industry: Banks—Regional

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. In addition, the company offers online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2019, it operates 39 full service retail banking locations in Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Millersburg, Pennsylvania.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-12-31 Novak Alan P. Director Buy 16 $21.90 $350 No
2020-12-31 Moisey Robert J Director Buy 205 $21.90 $4,490 No
2020-12-31 MOWERY THEODORE W Director Buy 91 $21.90 $1,993 No
2020-12-31 QUANDEL NOBLE C JR Director Buy 137 $21.90 $3,000 No
2020-12-31 KERWIN GREGORY M Director Buy 45 $21.90 $986 No
2020-12-31 Klinger Robert E Director Buy 228 $21.90 $4,993 No
2020-12-31 Frank Joel L. Director Buy 114 $21.90 $2,497 No
2020-12-31 De Soto Matthew G Director Buy 285 $21.90 $6,242 No
2020-12-31 Brumbaugh Kimberly J Director Buy 228 $21.90 $4,993 No
2020-12-31 Boyer Steven T Director Buy 114 $21.90 $2,497 No
2020-12-31 Abel Robert A Director Buy 23 $21.90 $504 No
2020-12-31 Grubic Robert C Director Buy 228 $21.90 $4,993 No
2020-09-30 Abel Robert A Director Buy 28 $17.31 $485 No
2020-09-30 Abel Robert A Director Buy 28 $17.31 $485 No
2020-09-30 Abel Robert A Director Buy 28 $17.31 $485 No
2020-09-30 Klinger Robert E Director Buy 289 $17.31 $5,003 No
2020-09-30 QUANDEL NOBLE C JR Director Buy 174 $17.31 $3,012 No
2020-09-30 MOWERY THEODORE W Director Buy 116 $17.31 $2,008 No
2020-09-30 Grubic Robert C Director Buy 289 $17.31 $5,003 No
2020-09-30 KERWIN GREGORY M Director Buy 58 $17.31 $1,004 No
2020-09-30 Novak Alan P. Director Buy 21 $17.31 $364 No
2020-09-30 Moisey Robert J Director Buy 520 $17.31 $9,001 No
2020-09-30 Frank Joel L. Director Buy 144 $17.31 $2,493 No
2020-09-30 Boyer Steven T Director Buy 145 $17.31 $2,510 No
2020-09-30 Brumbaugh Kimberly J Director Buy 289 $17.31 $5,003 No
2020-09-30 De Soto Matthew G Director Buy 361 $17.31 $6,249 No
2020-09-10 Peduzzi Michael D SEVP/CFO Buy 500 $19.17 $9,585 No
2020-09-09 De Soto Matthew G Director Buy 2,635 $19.00 $50,065 No
2020-07-31 Abel Robert A Director Buy 1,000 $19.73 $19,730 No
2020-03-12 SPARKS DAVID E Director Buy 2,000 $17.38 $34,760 No

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